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...Vista was forced to turn to lenders in the burgeoning $1.5tn private credit industry instead of banks....
...Standout Gilbert + Tobin O: 8; L: 8; I: 8; Total: 24The law firm advised the Commonwealth Bank of Australia on a model to provide A$1.7mn ($1.1mn) in funding for an agricultural project that could help...
...Wingefors bought back the business for a nominal £1....
...Fund groups used to buy traditional rivals for well under 1 per cent of AUM. AllianceBernstein paid more than 5 per cent for CarVal....
...Even Alphabet, however, beat expectations, and its revenue dropped by only 2 per cent, at a time when other advertising businesses are contracting sharply....
...Still, Athene estimated its markdowns this year could total between $1bn and $2bn compared with the $1.3bn in profits it tallied in 2019....
...Caldera is asking for at least $1.5bn in damages. Mr Siddiqui, a veteran of Wall Street who has also worked at Oak Hill Capital Partners and Goldman Sachs, left Apollo early last year....
...An annual pace of 1.9 per cent for Q3 after an expansion of 2 per cent during Q2 does mark the weakest back-to-back quarters of growth since 2016, with business investment contracting during this period....
...Angel Oak, an Atlanta, Georgia-based firm, is presently marketing a $329m non-QM deal, easily its biggest to date....
...After analysing more than 1,000 cities around the world, Inrix, a transportation software and data provider, reckons LA is the most congested....
...Its market share that year, according to Counterpoint, was a mere 1 per cent. HTC changed tack, contracting with Google to manufacture the first Pixel smartphone....
...Bass will raise $2.4bn of the cash purchase price via a sale of pricey preferred stock, of which Goldmans will buy $1.8bn....
...PMI readings for other north Asian countries were a bit softer, with South Korea’s PMI sliding to 50.1, and Japan’s manufacturing industry contracting for a fifth-straight month....
...The dollar index was down 0.1 per cent in Asia at 95.956, while gold, which is sensitive to monetary policy expectations, was up 0.1 per cent at $1,309.97 an ounce....
...The British pound was trading flat on Monday at $1.2949, but hit a 31-year low last week....
...Her team, which oversees $1.1bn for 850 households, does not recommend alternatives to most investors until they approach $1m. “It isn’t for everyone,” she says....
...“We wanted to preserve the hotel’s DNA,” Christian Boyens, the hotel’s general manager, told me over tea at the new Salon Proust, an oak-panelled space off the main corridor named after the French writer...
...Investors, by and large, looked past some mixed data, with retail sales unexpectedly weak last Month and producer prices contracting in March....
...Contracting by 3.8 per cent year-on-year last month, the producer price index has been in deflationary territory for 12 consecutive months. Also helping push the yen lower was a firmer US dollar....
...Elsewhere, US crude oil prices rose 1.8 per cent, the fourth-straight day of gains for oil. The dollar jumped 1.1 per cent against a basket of world currencies....
...appreciated to its strongest level this month following the Fed’s policy statement on Wednesday, but had reversed some of those gains after data showed continued weakness in Japanese exports in February, albeit contracting...
...Japan’s Nikkei 225 was up 0.9 per cent and the broader Topix was 1.1 per cent higher, helped by a weaker yen and following on from strong gains of around 4 per cent on Wednesday....
..., deepening China macro retreat, plunging commodities, falling capex and +$1.5tn in cancelled oil projects, concludes Mr Laidi....
...The move by S&P to reduce the BBB- rating to BB+ with a negative outlook comes as Brazil’s economy is in recession, with second-quarter gross domestic product sinking 1.9 per cent compared with the first...
...London-based Winton and Los Angeles-headquartered Oak Tree have emerged as the less successful participants in the scheme....
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